New Issue: GS Finance sells $42.03 million capped gears linked to index basket

By Marisa Wong

Los Angeles, April 1 – GS Finance Corp. priced $42.03 million of 0% capped gears due May 31, 2022 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Goldman Sachs Group, Inc.

The basket contains the Euro Stoxx 50 index with a 40% weight, the Nikkei 225 index with a 25% weight, the FTSE 100 index with a 17.5% weight, the Swiss Market index with a 10% weight and the S&P/ASX 200 index with a 7.5% weight.

If the basket return is greater than zero, the payout at maturity will be par of $10 plus triple the basket gain, subject to a maximum payment of $11.555 per note. If the basket return is negative, investors will be fully exposed to the basket’s decline.

Goldman Sachs & Co. LLC is the underwriter with UBS Financial Services Inc. as selling agent.

Issuer:	GS Finance Corp.
Guarantor:	Goldman Sachs Group, Inc.
Issue:	Capped gears
Underlying basket:	Euro Stoxx 50 index (40% weight), Nikkei 225 index (25% weight), FTSE 100 index (17.5% weight), Swiss Market index (10% weight), S&P/ASX 200 index (7.5% weight)
Amount:	$42,034,050
Maturity:	May 31, 2022
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 3 times any basket gain, capped at par plus 15.55%; full exposure to any basket decline
Initial index levels:	3,882.87 for Stoxx, 29,384.52 for Nikkei 225, 6,736.17 for FTSE, 11,089.60 for Swiss and 6,799.493 for S&P/ASX
Pricing date:	March 29
Settlement date:	March 31
Underwriter:	Goldman Sachs & Co. LLC with UBS Financial Services Inc. as selling agent
Fees:	2.1%
Cusip:	36260W116

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